Capital tweaks land transactions amid rising prices

Beijing authorities will adjust the bidding, auction and listing of its residential land transactions in April to help address rising land prices, the municipal bureau of land and resources has said.

To that effect, transactions of two pieces of residential land in Mapo, Shunyi district will be suspended and the bidding on a plot of residential land in Doudian town, Fangshan district, will be postponed, the Beijing land rehabilitation and reservation center said.

Bidding for the three plots of residential land was scheduled for April 1.